On the recordFebruary 10, 2020
We find the U.S. economy to be in a very good place, performing well.
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congress.govWe find the U.S. economy to be in a very good place, performing well.
Powell assesses the strong performance of the U.S. economy amidst global challenges.
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We’re trying to deliver macro stability, financial stability, economic stability for the benefit of all the people.
If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
Overall, while the labor market appears to be in balance, it is a curious kind of balance that results from a marked slowing in both the supply of and demand for workers.